SEB: short-term trade ideas for majors
Here are the short-term trade ideas for EUR/USD, USD/JPY, USD/CAD and AUD/NZD provided by SEB Group.
EUR/USD: The market is established below the lower boundary of the triangle, but remains supported above the 1.1300 mark so far. To get a clear direction the market needs to break below 1.1260 or above 1.1450.
USD/JPY: The pair remains vulnerable for a new sell-off.A move down to 118.30/10 is expected.
USD/CAD: The bullish triangle will finally be broken to the upside.However, we expect at dip below1.2395 without breaking the 1.2360 handle. After that the uptrend will arise.
AUD/NZD: The pair is now forming a correctional peak. A break below 1.0350 will open the way to 1.0300 and potentially lower.